What’s the difference between a Traditional IRA and a Roth IRA?

Both Traditional and Roth IRAs are built to support your retirement goals, but they offer different tax advantages. With a Traditional IRA, contributions may be tax-deductible today, and your savings grow tax-deferred until withdrawal. A Roth IRA, on the other hand, is funded with after-tax dollars—allowing for tax-free withdrawals in retirement when certain conditions are met. The right choice depends on your current financial situation and your long-term plans.